“Set FY15 Plan Expenditure At Rs.5.55 Lk Cr”

Feb 17 2014

February 17: While announcing the interim Budget 2014, Finance Minister P. Chidambaram said, “The government will not be spending budgeted plan expenditure in FY14. However, budgeted non-plan expenditure will exceed for the same period.” FM also announced an increase in FY15 defence allocation by 10% to Rs.2.24 lakh crore. Also, the government will implement one rank, one pension in defence.